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Supreme Court Freezes BCCI Bank Accounts!!

Written By Indiagreat .in on Tuesday, 4 October 2016 | 18:27:00

After the Board of Control for Cricket in India (BCCI), the world's richest cricket board, had refused to adapt all the recommendations made by the Supreme Court-appointed Lodha Committee, the apex court froze the bank accounts of the cricket controlling body in India.

For a long time, the BCCI has been waging a battle with the Supreme Court. BCCI, which is run by top brass politicians and businessmen, has been criticized by the apex court for lack of transparency. Lodha Committed was formed by the Supreme Court and after a thorough scrutiny, the Committee made a set of recommendations in its bid to reform the administration of BCCI.

After several meetings, BCCI has adopted a few recommendations made by the Lodha Panel but rejected the others citing they were suppressive. With this, the apex court is heard to have directed the banks to freeze the accounts of BCCI.

In the wake of this new development, the remainder of the New Zealand tour of India has been pushed into jeopardy. Media reports claim that all the upcoming matches might be cancelled by the BCCI due to financial problems that arose after the freezing of accounts.

Meanwhile, India has already sealed the three-match test series 2-0 and the third test is scheduled to start on October 8. A five-match ODI series is schedule to follow the Test 

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